SBI Car Loan Patiala | Lowest Interest Rates 2024 | Information
Apply for SBI Car Loans in Patiala: Get lowest Interest car loans in Patiala with State Bank of India. Compare EMI, Eligibility, Documents and Fees and Charges on Used, NRI and New Car loans in Patiala.
SBI Car Loan Patiala Information
| Interest Rates | 8.40% to 9.25% |
| Loyalty Car Loan Scheme | 8.40% to 9.20% |
| Lowest EMI | Rs 1579/lakh |
| Processing fees | NIL |
| Prepayment charges | Nil |
| Repayment options | Up to 7 years |
| Maximum loan amount | Up to 4 times of net annual income |
| Loan approval time | 30 Minutes |
| Maximum Finance | Upto 90% of on Road Price |
| Min. Income | 3.00 Lakh annual |
Offers on SBI Car loans in Patiala
- No Advance EMI | Lowest EMI
- Longest repayment tenure (7 years)
- LTV 85% of ‘On Road Price’ of car, in case of Corporate Salary Package accounts
- Flexibility of payment of EMI anytime during the month
- No pre-payment penalty
- Free Accident insurance – Optional SBI Life cover
Major Branches of SBI in Patiala for Car Loans
- Address: Model Towen, Adalat Bazar, Patiala, Punjab 147001
Documents Requirement for Loans in Patiala:
You would need to submit the following documents along with the completed application form:
- Statement of Bank account of the borrower for last 6 months.
- 2 passport size photographs of borrower(s).
- A copy of passport /voters ID card/PAN card.
- Proof of residence.
- Latest salary-slip showing all deductions
- I.T. Returns/Form 16: 2 years for salaried employees and 2 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable
- Proof of official address for non-salaried individuals
About Patiala:
Patiala is a city located in south-eastern Punjab, in northern India. It is the Second largest city in the state. The city is the administrative capital of Patiala district. Patiala is located around a castle named Qila Mubarak
